1. KUWAIT FOREIGN MINISTRY SOURCE TOLD EMBOFF ON JANUARY 6 THAT
SPECIAL NON-ALIGNED COMMITTEE WOULD MEET IN KUWAIT JANUARY 13-14
TO REACH FINAL AGREEMENT REGARDING NON-ALIGNED FUND (NAF).
GOK HAS PREPARED A DRAFT AGREEMENT WHICH SOURCE EXPECTS TO BE
APPROVED WITH NO SIGNIFICANT CHANGE.
2. THE DRAFT AGREEMENT APPROVED IN KUWAIT NEXT WEEK WILL BE RE-
VIEWED AT THE NON-ALIGNED MEETING IN CUBA NEXT MONTH, WHERE IT
IS EXPECTED TO BE FORMALLY APPROVED. IT IF IS, THE NEXT STEP
WILL BE TO SET UP NAF ORGANIZATION.
3. COMMENT: ALTHOUGH MOVING SLOWLY APPEARS THAT NAF WILL BE
CREATED IN NEAR FUTURE. SINCE KUWAITIS HAVE TAKEN LEAD IN THIS
PROJECT AND KUWAIT FUND HAS BEEN INVOLVED WE ANTICIPATE THAT
AGREEMENT WILL CALL FOR CREATION OF A BODY SIMILAR TO KUWAIT
UNCLASSIFIED
UNCLASSIFIED
PAGE 02 KUWAIT 00070 070747Z
FUND FOR ARAB ECONOMIC DEVELOPMENT. PROBABLY BETTER THAN EVEN
CHANCE THAT HEADQUARTERS FOR NEW NAF WILL BE IN KUWAIT.
STOLTZFUS
UNCLASSIFIED
NNN

Raw content

UNCLASSIFIED
PAGE 01 KUWAIT 00070 070747Z
13
ACTION IO-10
INFO OCT-01 EUR-12 NEA-09 ISO-00 ARA-10 AF-06 EA-10 RSC-01
CIAE-00 DODE-00 PM-03 H-02 INR-07 L-02 NSAE-00 NSC-05
PA-02 PRS-01 SP-02 SS-15 USIA-15 OMB-01 TRSE-00 EB-07
AID-05 /126 W
--------------------- 076853
R 070715Z JAN 75
FM AMEMBASSY KUWAIT
TO SECSTATE WASHDC 1873
INFO AMEMBASSY ALGIERS
USMISSION OECD PARIS
AMEMBASSY JIDDA
UNCLAS KUWAIT 0070
E.O. 11652: N/A
TAGS: EALR, EFIN, EAID, KU, XX
SUBJECT: NON-ALIGNED FUND MEETING
REF: KUWAIT 1933, MAY 15, 1974
1. KUWAIT FOREIGN MINISTRY SOURCE TOLD EMBOFF ON JANUARY 6 THAT
SPECIAL NON-ALIGNED COMMITTEE WOULD MEET IN KUWAIT JANUARY 13-14
TO REACH FINAL AGREEMENT REGARDING NON-ALIGNED FUND (NAF).
GOK HAS PREPARED A DRAFT AGREEMENT WHICH SOURCE EXPECTS TO BE
APPROVED WITH NO SIGNIFICANT CHANGE.
2. THE DRAFT AGREEMENT APPROVED IN KUWAIT NEXT WEEK WILL BE RE-
VIEWED AT THE NON-ALIGNED MEETING IN CUBA NEXT MONTH, WHERE IT
IS EXPECTED TO BE FORMALLY APPROVED. IT IF IS, THE NEXT STEP
WILL BE TO SET UP NAF ORGANIZATION.
3. COMMENT: ALTHOUGH MOVING SLOWLY APPEARS THAT NAF WILL BE
CREATED IN NEAR FUTURE. SINCE KUWAITIS HAVE TAKEN LEAD IN THIS
PROJECT AND KUWAIT FUND HAS BEEN INVOLVED WE ANTICIPATE THAT
AGREEMENT WILL CALL FOR CREATION OF A BODY SIMILAR TO KUWAIT
UNCLASSIFIED
UNCLASSIFIED
PAGE 02 KUWAIT 00070 070747Z
FUND FOR ARAB ECONOMIC DEVELOPMENT. PROBABLY BETTER THAN EVEN
CHANCE THAT HEADQUARTERS FOR NEW NAF WILL BE IN KUWAIT.
STOLTZFUS
UNCLASSIFIED
NNN